Garrett Jin holds a $693 million long position with a floating loss of $42.55 million and remains bullish on BTC and ETH

Garrett Jin, a suspected trader holding 200,000 ETH in a long position, posted today expressing optimism about BTC and ETH starting an upward trend, with initial target prices of $106,000 and $4,500 respectively. He pointed out that macro bearish factors are weakening and there is no systemic risk in the US stock market, and that ETH is expected to outperform the Nasdaq 100 in the coming months. Currently, his total long position, valued at approximately $693 million, is still at an unrealized loss of $42.55 million. The entry price for ETH was $3,147.39, and for BTC was $91,506.7.